Joe

@joec522
1 Followers
8 Following
10 Posts
Never Trump Conservative
Yankees/Islanders/Giants

@robertnorlyn Here is a simple formula for you:

The more value you create for others the more money you will make.

A person who gets a degree in engineering is going to obtain more skills for creating value for others than a person who obtains a degree in gender studies.

@jag0325 It seems like the person who wrote this article doesn't understand the difference between wealth and income.

Here are some statistics for income based on college degrees. There is a gap. I don't know what causes that gap. Geography could play a role.

https://nces.ed.gov/programs/coe/indicator/cba/annual-earnings

COE - Annual Earnings by Educational Attainment

@robertnorlyn A person who goes to college and gets a degree in gender studies shouldn’t be surprised they have a reduced earnings potential.

And if a person can get job skills without going to traditional college for a lower cost should take that opportunity.

@1900490Freak The point of loans is to provide money to those who need it.

The downside of loans is that their wide availability results in much higher tuition rates.

Government guaranteed student loans is a double edge sword.

Earnings by educational attainment and ethnicity/race U.S. 2021 | Statista

In 2021, the mean income of Black Bachelor's degree holders was 64,369 U.S.

Statista
@craigmyers A second point is that subsidized did not mean that the rates were lower. A subsidized loan (at least at that time) meant that the government paid the interest on the loan while the student was still attending school. The interest on the unsubsidized loan was being capitalized on the principal balance while the student was still attending school.
@craigmyers @QasimRashid I went to college from 1997-2001. I took out Stafford (subsidized and unsubsidized) and Perkins loans as well as small amount of private loans. The rates on those loans were over 5%. After paying off the private loans quickly, I consolidated the federal loans in 2003 at a fixed 4.4%. I finished paying those loans off in 2020.

@QasimRashid A person with a college degree earns $22,000 a year more than a person with just a high school degree. That is close to $1 million over a person’s working career.

College graduates can afford their loans.

Touchdown
I thought Twitter was a hellscape before Elon.